The “Community Lens by Orly Dizon, Esq.” brings the law closer to home, focusing on the legal issues that impact our neighborhoods and daily lives. From understanding your rights as a tenant to navigating business regulations as a local entrepreneur, we aim to shed light on legal matters that shape our community. Join us each week as we delve into the legal landscape that surrounds us, offering insights, guidance, and practical advice to help you navigate the complexities of the law. Together, let’s empower ourselves with knowledge and strengthen our community through informed decisions and a deeper understanding of our legal rights and responsibilities. Stay tuned for valuable perspectives, real-life case studies, and societal analysis from Orly Dizon, Esq., as we look through the “Community Lens” to see how the current events impacts us all.
Zaimes v. Commissioner of IRS underscores the importance of understanding IRS mailing rules and deadlines to avoid unexpected penalties.
An S-corporation isn’t a separate legal entity; rather, it’s a tax status that can be elected for an LLC or corporation. For many small business owners, a single-member LLC serves as the most relevant example. When you form a single-member LLC, it is automatically treated as a disregarded entity for tax purposes. This means that your business income passes through to Schedule C on your personal return, and you won’t need to file a separate business return. However, you can choose to be taxed as either a C-corporation or an S-corporation.
Overview International Criminal Courts (ICCs) are pivotal in the global justice system, serving as mechanisms to hold individuals accountable for war crimes,…
Medical Supply Classification There’s important information you should know about how adult diapers are classified for tax purposes. Your adult diapers can…
Are you wondering whether assisted living expenses are tax deductible? If you are a senior or have family members in assisted living, this may be an important question to consider. Can you actually deduct the costs of assisted living on your tax return? Is it possible to get a tax benefit if you’re paying for assisted living?
Taxpayers face challenges when tax issues arise. Understanding the roles of CPAs, tax attorneys, and EAs can help you choose the right professional to handle your tax matters effectively.
When we focus on hatred, we lose sight of the potential to learn from our competition, which can ultimately help us grow our business and enhance our products and services. In light of this, it’s important to consider recent developments in the competitive landscape. For instance, the U.S. District Court for the Northern District of Texas has thrown out the government’s ban on noncompete agreements. This ruling could significantly impact how businesses navigate competition and collaboration moving forward.
So what traits my next Consul General look like? They would be proactive in creating projects that foster entrepreneurship, connectivity, and community engagement, while remaining uninfluenced by special interest groups or individuals. I envision a leader who is committed to attending events, engaging with various Filipino organizations, and building meaningful relationships with city officials and other consulates in Houston. Someone who honors their RSVP commitments, follows through on promises, and prioritizes the welfare of our people above personal interests. They would embody a grassroots approach, genuinely understanding the struggles and aspirations of Filams, OFWs, and Filipino immigrants. If the next Consul General will prioritize these programs, I have no doubt that it will continue to thrive as a beacon of hope, support, and unity for our vibrant Filipino community in North America.
As I probe into the complexities of the Corporate Transparency Act (CTA), I recognize the importance of staying informed about the latest guidance from the Financial Crimes Enforcement Network (FinCEN). Recently, FinCEN issued additional FAQs providing clarity on Reporting Company filing requirements under the CTA, specifically in cases where a Reporting Company dissolves or terminates prior to the due date for its Initial Beneficial Ownership Information Report (BOIR). In this article, I’ll examine the implications of this new guidance and provide insights on what it means for Reporting Companies and their beneficial ownership reporting obligations.
In the digital age, the demise of traditional newspapers serves as a stark reminder of the importance of embracing innovation for business survival. The reluctance to transition to online news platforms has proven to be detrimental for many traditional newspapers. As readers increasingly turn to the internet for their news consumption, those who fail to adapt risk becoming obsolete. The shift towards digital media has not only changed the way news is delivered but also how it is consumed. To remain relevant and competitive in today’s fast-paced world, businesses, including newspapers, must innovate or face the consequences of being left behind. Embracing new technologies and adapting to changing consumer preferences are crucial steps in ensuring long-term success and sustainability in the ever-evolving media landscape.